IP in China: is the bad boy coming good?

Charles Goldfinger

Among IP experts, China has long had a reputation for being the “baddest of them all.” This reputation is well deserved. International intellectual property, in all its forms, copyrights and patents, is subject to a plunder on a truly massive scale.

The US Chamber of Commerce estimates that China accounts for two-thirds of all global counterfeiting and intellectual property theft. Counterfeiting is not limited to software (Microsoft loses hundred of millions in revenues from pirated copies of Windows and Office), movies and fashion design. Industrial IP theft is estimated to cost US companies as much as a quarter of a trillion dollars annually. It concerns a range...

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